Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 7.04

7.04. (1) Subject to subregulation (2), a regulated superannuation fund may
accept contributions that are made in respect of a member who is under age 65
only if:

   (a)  the contributions are mandated employer contributions; or

   (b)  the contributions are not mandated employer contributions and the
        member:

        (i)    has, at any time in the period of 2 years immediately preceding
               the date of acceptance, engaged in full-time or part-time
               gainful employment; or

        (ii)   ceased full-time or part-time gainful employment because of
               ill-health (whether physical or mental) that, at the date of
               acceptance, prevents the member from engaging in employment of
               the kind that the member engaged in at the onset of the
               ill-health.

(2) A regulated superannuation fund may accept contributions in respect of a
member if the trustee is reasonably satisfied that the contribution is in
respect of a period during which, under subregulation (1), the fund may accept
the contribution in respect of that member, even though the contribution is
actually made after that period.